Updated over 3 years ago on . Most recent reply
Duplex to single family house conversion (Montreal)?
Ever since the COVID, the price for single family houses has skyrocketed in my part of town (Montreal). Interestingly, duplexes of similar size/municipal evaluation have not risen so much in comparison. Does anyone else notice this phenomenon?
I happen to have a few plexes in this area where I know it's legal to convert a duplex or triplex to a SFH. I have one that's particularly easy to convert due to its layout; I can probably do so with a 10k-20k budget once the tenants move out this summer. My estimate is if I can sell it as a SFH instead of a plex I can get a premium of 15-25%. What does everyone think of this strategy? Am I missing something?